SEATTLE (January 24, 2018) – Stuart Oswald, senior vice president/managing director of NorthMarq Capital’s Seattle regional office, arranged a loan on Quail Park of Lynnwood, a 130-unit senior housing community located in Lynnwood, Washington. Quail Park of Lynnwood’s numerous amenities and strong care-giving team have set it apart from the competition and has allowed it to maintain a sterling reputation in the market. The transaction was structured with a 7-year term on a 30-year amortization schedule, with 2 years interest only. NorthMarq arranged financing for the borrower through its seller-servicer relationship with Freddie Mac.
The refinance allowed for cash out to be used for the development of the second and third phases and repaid an existing Freddie Mac loan which NorthMarq originated for the previous owner.
About NorthMarq Capital
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides debt, equity and commercial loan servicing through its 37 offices nationwide. The company has built long-term relationships with life companies, CMBS platforms and local, regional and national banks, with a long track record of multifamily loan origination through Freddie Mac, Fannie Mae and FHA/HUD. The company closes approximately $13 billion in commercial real estate loans annually and services a loan portfolio of more than $50 billion. For more information please visit www.northmarq.com.